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Empire Energy Group: Beetaloo Update

24 May 2023 11:01 AM | Stephanie Berlin (Administrator)

Carpentaria-2H flow testing complete following continued strong gas rates

  • Carpentaria-2H (“C-2H”) has produced a total of 323 Terajoules (“TJ”) (281 mmscf) over 127 days
  • Gas composition has remained consistent with high calorific value and extremely low CO2
  • This equates to a normalized rate of 2.75 TJ (2.4 mmscf) per day per 1,000 metres for the entire test period
  • The post-soak 2023 IP30 is now confirmed at 3.5 TJ (3.0 mmscf) per day per 1,000 metres following updated gas composition analysis
  • C-2H has been shut-in for availability as a future gas producer
  • Carpentaria-3H (“C-3H”) will be reopened for flow testing once the soak period concludes
  • Development planning for pilot project final investment decision continues. Multiple parties are expressing strong interest in purchasing Empire’s Beetaloo gas in both the pilot phase and full development phase
  • NSAI updated resources report on track to be released prior to 30 May 2023 AGM

To view full ASX announcement, click here

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